BrightSpring Health Services Inc (NASDAQ:BTSG) price on current trading day, rose 5.01% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $12.57.
A look at the stock’s price movement, the close in the last trading session was $11.97, moving within a range at $12.02 and $12.57. Turning to its 52-week performance, $12.79 and $7.85 were the 52-week high and 52-week low respectively. Overall, BTSG moved 3.97% over the past month.
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BrightSpring Health Services Inc’s market cap currently stands at around $2.16 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Aug-02.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend BTSG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BTSG’s current price about 5.85% and 9.84% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.80, while 7-day volatility ratio is 3.47% and 3.88% in the 30-day chart. Further, BrightSpring Health Services Inc (BTSG) has a beta value of 0, and an average true range (ATR) of 0.43.
If we refocus on BrightSpring Health Services Inc (NASDAQ:BTSG), historical trading data shows that trading volumes averaged 0.55 over the past 10 days and 924.96K over the past 3 months. The company’s latest data on shares outstanding shows there are 171.19 million shares.
The 69.06% of BrightSpring Health Services Inc’s shares are in the hands of company insiders while institutional holders own 46.53% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.24 million on 2024-07-31, giving us a short ratio of 9.66. The data shows that as of 2024-07-31 short interest in BrightSpring Health Services Inc (BTSG) stood at 1774.0000000000002 of shares outstanding, with shares short falling to 10.48 million registered in 2024-06-28. Current price change has pushed the stock 14.27% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BTSG stock continues to rise going into the next quarter.
